Jump to content

bornontheblue

Members
  • Posts

    14,527
  • Joined

  • Last visited

  • Days Won

    15

Posts posted by bornontheblue

  1. On 4/12/2024 at 8:17 PM, retrofade said:

    I should probably start keeping some in cash for that purpose. 

    The "amusing" thing is that what I would have divested probably would have been a share or two of NVDA. As things stand now (if my timeline is right), had I taken that, done the DJT flip, and re-invested itr all in NVDA again, I would have come up with more NVDA stock than I started with. Oh well, shit happens. 

    Big name stocks like NVIDiA are great ., but don’t forget about the small caps . It’s harder to analyze them IMO, and maybe safer done through an ETF  

  2. On 4/12/2024 at 8:09 PM, retrofade said:

    Yeah, not even close. I saw the options financing fees and said hell no to that. I've been quietly enjoying my NVDA gains and sticking with my normal investing strategy. I took some losses on TSLA and AAPL, but overall, up close to 10% in the last year, and I'm good with that. 

    I was tempted to divest some of what I had to throw at DJT when it went live and then sell once it went over 200% (which it seemed destined to do), but I decided I didn't want to mess with it. 

    NVIDIA has been outstanding. 
     

    I keep about 5 percent cash in my Schwab account and I was like what the hell . I’ll put 1000 in it and see what happens. 
     

    Normally I’m like you and much more traditional 

  3. On 4/12/2024 at 7:10 PM, sactowndog said:

    Put options are a cheaper approach 

    I’m not going anywhere near that stock ever again. Got in, made a quick buck and got the hell out. Normally I’m a boring more traditional style investor 

  4. On 4/12/2024 at 6:57 PM, retrofade said:

    The price of Trump Media shares closed trading Friday down nearly 20% for the week.

    DJT shares, which dropped by more than 8% within the first hour of trading Friday, eked out a slight gain by the end of the day.

    Shares closed up 18 cents at $32.59, an increase of around .5%.

    But that closing price still was more than $38 lower than what Trump Media shares first sold for when the social media company began public trading on March 26.

    Shares of the company, which owns the Truth Social app, have dropped by 47.4% so far in April wiping out billions of dollars in the company’s market capitalization.

    Former President Donald Trump is the biggest shareholder in the company, owning nearly 60% of its stock.

    On Monday, Trump is set to start jury selection for his criminal trial in Manhattan Supreme Court on charges of falsifying business records related to a 2016 hush money payment to porn star Stormy Daniels.

    Trump Media on March 26 opened its first day of trading with a price of $70.90 per share, hitting a high of nearly $80 later that same day. During trading that day, the company’s market capitalization topped $9.5 billion.

    By Friday’s close, Trump Media’s market cap stood at $4.45 billion — a whopping $5 billion lower than the high it hit more than two weeks ago.

    Trump Media began public trading a day after it merged with the shell company Digital World Acquisition Corp., which was created to help a private firm go public.

    Trump Media last year had revenue of just $4.1 million, and reported a net loss of $58 million.

    That performance and the relatively high price of the company’s stock have drawn keen interest from short sellers, who make trades that are effectively bets that a company’s share price will drop.

    As of this week, so-called short interest in DJT was $208.7 million, with 5.44 million shares shorted, according to Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners, a leading financial data marketplace platform.

    There were fewer than 100,000 shares of Trump Media available to borrow to sell short. Traders who want to sell stock short must borrow shares to sell, with the expectation that they will later buy back the same number of shares at a lower price to return them to the lender, pocketing the price difference between the trades.

    Trump Media has 136.7 million outstanding shares.

    A week ago, traders who wanted short Trump Media shares had to pay up to 900% in annual financing costs, meaning they would need a then-$30-per-share drop within a month to break even on their trade, Dusaniwsky said.

    Since then, however, financing costs for short trades in Trump Media had sharply fallen, to 200%.

    https://www.cnbc.com/2024/04/12/trump-media-shares-drop-more-than-5percent-after-trading-day-begins.html

    So you bought like 500 shares then ? 

  5. On 4/12/2024 at 5:43 PM, sactowndog said:

    So just curious, how many uncovered puts were you willing to buy?   An uncovered put is a risky bet as Trump has enough billionaire friends who could create a hell of a squeeze.  Not a risk I wanted to take.  

    A made a quick 850 dollars on it in one day  🤷‍♂️ 

  6. On 4/12/2024 at 9:21 AM, grandjean87 said:

    Pin that post. 

    I wrote a check to the flooring guy.  Now, gotta est. Idaho and send them and the Feds $$.  Expensive day, here.  Leftover Taco Time bean burritos on the menu. Probably for a while. lol. 

    Better get that check to the state. They need money to rid the porn from the libraries 

    • Like 1
  7. The current interest rate level is going to be the new normal, actually it's the old normal if you want to be 100% accurate. 

    The fed may play word games and and make the market think there will be cuts , but there won't be until the next downturn.

    I think there may be 1  or  2 rate hikes after the election. 

     

     

  8. On 4/12/2024 at 9:23 AM, Poorohman said:

    Jesus christ.  I feel sorry for whoever is unlucky enough to hire you. Keep going with the strawmans.

    So if you have a rental property and the going rate is $2,200 a month : 26,400 a year

    You have the following expenses: 

    Repairs and Maintenance 2,500

    Property Taxes: 3,500

    Mortgage Interest 12,000

    Insurance  - 1200

    HOA Dues 1,500

    Management Fee 1,850

    How much are you going to charge in rent ? 

     

     

     

     

     

    • Like 1
  9. On 4/11/2024 at 10:49 PM, grandjean87 said:

    You obviously aren't pounding them down tonight. It's going to sting a bit, but you don't pay income tax when you don't have income.  Minimal w/holding has long been the plan. 

    Only had a couple after a long day. Shit, next year I'll do your taxes for the friends and family rate - Free.  Unless it is super time consuming. 

  10. On 4/11/2024 at 10:27 PM, grandjean87 said:

    You have had some beer inspired posts along that line, but I hope you advise clients sober :). 
     

    I've got some checks to write tomorrow.  New flooring gets finished.  Might get an invoice for the new countertops, but the Dept. of Treasury and the Idaho Tax Commission will see a couple in the mail.  Thanks for reminding me. lol

    You need to pay three hundred trillion bazillion dollars by Monday at 5 PM . 

  11. On 4/11/2024 at 2:25 PM, SharkTanked said:

    Interesting. I think a person can be a dick and still be a good person. If fact, I don't think I have encountered anyone here, besides maybe Maynard or SteveAztec, who I thought was actually a bad person. Maybe a couple Boise fans way back who showed themselves to be completely unhinged. GoodWillHunting guy and that Lycan guy.

    I don't agree with a lot of Salina's takes, but I don't think he is a bad person.

    Cool. My opinion of him is different. He adds nothing as far as I am concerned. 

     

×
×
  • Create New...